Fed rate cuts were supposed to help ease U.S. debt costs, but it's not looking good so far
- Posted on October 13, 2024
- By Fortune
- 1 Views
Fed rate cuts were supposed to help ease U.S. debt costs, but it's not looking good so far
Last fiscal year, the interest expense on U.S. debt was $950 billion, up 35% from the prior due mostly to higher rates.
